Lifetime Brands (NASDAQ:LCUT) announced its quarterly earnings results on Thursday. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.22), MarketWatch Earnings reports. The firm had revenue of $228.27 million for the quarter. Lifetime Brands had a positive return on equity of 0.52% and a negative net margin of 1.59%.
Shares of NASDAQ LCUT traded up $0.02 during midday trading on Friday, reaching $9.32. 89,540 shares of the stock were exchanged, compared to its average volume of 16,280. Lifetime Brands has a twelve month low of $8.01 and a twelve month high of $14.62. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.09 and a quick ratio of 1.38. The company has a market capitalization of $188.10 million, a P/E ratio of 100.67 and a beta of 0.99.
A number of brokerages have recently issued reports on LCUT. BidaskClub upgraded shares of Lifetime Brands from a “buy” rating to a “strong-buy” rating in a report on Friday, December 7th. ValuEngine downgraded shares of Lifetime Brands from a “hold” rating to a “sell” rating in a report on Monday, February 4th.
WARNING: This article was first published by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://dakotafinancialnews.com/2019/03/15/lifetime-brands-lcut-posts-earnings-results-misses-expectations-by-0-22-eps.html.
Lifetime Brands Company Profile
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.
See Also: Stock Symbols and CUSIP Explained
Receive News & Ratings for Lifetime Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifetime Brands and related companies with MarketBeat.com's FREE daily email newsletter.